Opinions
Jason Del Vicario
Kakaku.com, Inc.
KKKUF-OTC
TOP PICK
May 26, 2023
Stock price when the opinion was issued
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Japanese player in eCommerce for price comparison. Recent weakness in share price creating opportunity to buy. High margin business with large amount of cash flow. Weakness in economy also good as customers seek deals. Asset light business with low capital requirements. Strong returns on capital.
His third largest holding at around 7%, added to it recently. Includes a business akin to the Yelp of Japan, recovering strongly since Covid. Trades at 21x PE, dividend yield's around 2%. Buys back shares. Very well run. Long term, should be able to increase earnings at 10-15%.
Shopping comparison website that has very strong business model. Competition has been strong - putting pressure on business. Asset light business that is focusing on restaurant reservation + jobs platform. Still owns shares in company. Good long term investment. Happy shareholders.
Online review business in Japan (#2 in country).
New websites & web based services being spun out (zero capital costs).
Return on equity target of 40% (very high).
Excellent long term prospects.